TYLER, Texas – A 59-year-old Longview, Texas, man has been
sentenced to federal prison for criminal violations in the Eastern District of
Texas, announced U.S. Attorney Joseph D. Brown and FBI Special Agent in Charge
Matthew J. DeSarno.
Timmy
Lynn Vaughn pleaded guilty on May 2, 2019, to making false statements to a bank
and was sentenced to 12 months and one day in federal prison today by U.S.
District Judge Jeremy D. Kernodle.
Vaughn was also ordered to pay restitution in the amount of $145,100.
According to information presented in court, in March of
2016, Vaughn applied for a personal loan at a bank located in the Eastern
District of Texas using the name of another individual. The promissory note and documents submitted
to the bank in connection with the application contained forged signatures of
the borrower. As a result, the loan was
approved and the proceeds remitted by a cashier’s check payable to one of
Vaughn’s businesses. The cashier’s check
was deposited the same day into an account controlled by Vaughn.
This
case was investigated by the Federal Bureau of Investigation’s Tyler Resident
Agency and prosecuted by Assistant U.S. Attorney Frank Coan.
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